Simplifying Web3
terms and concepts.

Top 5 searches

Here are the top 5 terms and concepts users searched in the last 7days.

1. What is Web3?
2. NFT
3. Ethereum blockchain
4. Hot wallet
5. Scams

New Web3 lingos

1. Mempool /’mem,pool/ term (noun) a smaller database that stores pending transactions which every node keeps record of. [PoV] when a transaction is confirmed by virtue of being included in a block, it is removed from the mempool.
2. Off-chain /’off,chain/ term (adjective) to store data outside of the blockchain.
3. On-chain /’on,chain/ term (adjective) to store data on the blockchain.
4. Sidechain /’side,chain/ concept (noun) a separate blockchain network that connects to another blockchain - called a parent blockchain (mainnet) - via a two-way peg.

Common abbreviations

1. ATH stands for All Time High.
2. ATL stands for All Time Low.
3. DAO stands for Decentralized Autonomous Organization.
4. DApp stands for Decentralized Application.
5. DeFi stands for Decentralized Finance.
6. DEX stands for Decentralized Exchange.
7. EIP stands for Ethereum Improvement Proposal.
8. ERC stands for Ethereum Request for Comments.
9. HODL stands for Hold On for Dear Life.
10. ICO stands for Initial Coin Offering.
11. L1 stands for Layer 1.
12. L2 stands for Layer 2.
13. P2P stands for Peer-to-Peer.
14. PoS stands for Proof of Stake.
15. PoW stands for Proof of Work.
16. TPS stands for Transactions Per Second.
17. TVL stands for Total Value Locked.
18. WAGMI stands for We’re All Gonna Make It.
19. ZK-SNARK stands for Zero-Knowledge Succint Non-interactive Argument of Knowledge.
20. ZK-STARK stands for Zero-Knowledge Scalable Transparent Argument of Knowledge.